RealPage (RP) Research Coverage Started at JPMorgan Chase & Co.

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JPMorgan Chase & Co. started coverage on shares of RealPage (NASDAQ:RP) in a research note published on Thursday morning, Marketbeat reports. The firm issued an overweight rating and a $76.00 price objective on the software maker’s stock.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of RealPage to $59.00 and gave the stock a sector perform rating in a research report on Friday, May 4th. Morgan Stanley set a $62.00 price target on shares of RealPage and gave the stock a buy rating in a research report on Friday, May 4th. BidaskClub lowered shares of RealPage from a strong-buy rating to a buy rating in a research report on Friday, June 8th. Benchmark lifted their price target on shares of RealPage from $51.00 to $59.00 and gave the stock a buy rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded shares of RealPage from a hold rating to a buy rating and set a $58.00 price target on the stock in a research report on Wednesday, March 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $63.00.

NASDAQ RP opened at $54.95 on Thursday. RealPage has a 12 month low of $35.00 and a 12 month high of $61.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. The company has a market cap of $4.79 billion, a P/E ratio of 152.64 and a beta of 1.13.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, May 3rd. The software maker reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. RealPage had a net margin of 0.43% and a return on equity of 11.01%. The business had revenue of $201.61 million for the quarter, compared to analyst estimates of $201.09 million. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. sell-side analysts predict that RealPage will post 1.03 EPS for the current fiscal year.

In related news, CEO Stephen T. Winn sold 110,854 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $60.98, for a total value of $6,759,876.92. Following the completion of the transaction, the chief executive officer now owns 1,945,439 shares of the company’s stock, valued at approximately $118,632,870.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 174,432 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $51.40, for a total transaction of $8,965,804.80. Following the completion of the transaction, the insider now directly owns 16,833,247 shares of the company’s stock, valued at approximately $865,228,895.80. The disclosure for this sale can be found here. Insiders sold a total of 4,138,504 shares of company stock valued at $238,923,455 in the last ninety days. Company insiders own 24.91% of the company’s stock.

A number of institutional investors have recently bought and sold shares of RP. Carillon Tower Advisers Inc. acquired a new position in RealPage in the 4th quarter worth approximately $69,482,000. Contour Asset Management LLC boosted its stake in shares of RealPage by 45.1% during the 4th quarter. Contour Asset Management LLC now owns 1,879,405 shares of the software maker’s stock valued at $83,258,000 after buying an additional 583,958 shares during the period. King Luther Capital Management Corp boosted its stake in shares of RealPage by 224.8% during the 4th quarter. King Luther Capital Management Corp now owns 835,001 shares of the software maker’s stock valued at $36,991,000 after buying an additional 577,928 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of RealPage by 265.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 694,535 shares of the software maker’s stock valued at $30,768,000 after buying an additional 504,625 shares during the period. Finally, Chicago Capital LLC acquired a new stake in shares of RealPage during the 1st quarter valued at $16,986,000. 79.37% of the stock is owned by hedge funds and other institutional investors.

About RealPage

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

Analyst Recommendations for RealPage (NASDAQ:RP)

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